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2. A Strategic Cross-Border Labor Alliance
- Author:
- David Bacon
- Publication Date:
- 02-2024
- Content Type:
- Commentary and Analysis
- Institution:
- The North American Congress on Latin America (NACLA)
- Abstract:
- A relationship between a U.S. and a Mexican union, forged in the face of NAFTA, has borne fruit over decades of struggle. Two leaders reflect on the importance of international solidarity.
- Topic:
- Labor Issues, Solidarity, Alliance, NAFTA, and Unions
- Political Geography:
- Latin America, North America, Mexico, and United States of America
3. Regionalism and the Agenda 2030: Inequality and Decent Work in Mexico
- Author:
- Karina Lilia Pasquariello Mariano, Roberto Goulart Menezes, and Marcela Franzoni
- Publication Date:
- 12-2024
- Content Type:
- Journal Article
- Journal:
- Revista Brasileira de Política Internacional (RBPI)
- Institution:
- Instituto Brasileiro de Relações Internacionais (IBRI)
- Abstract:
- The present study analyzes the limits of regionalism in achieving SDG 8, with a focus on the Mexican reality. It is based on the hypothesis that the role of the national government is decisive for incorporation of the Agenda 2030 in cases of regionalism based on an intergovernmental dynamic. We argue that NAFTA had a limited impact on improving working conditions in Mexico, as it only affected export-oriented regions and sectors. Since 2019 there has been an increase in the minimum wage, which can be explained not only by enforcing the USMCA, but also by a compatibility between internal and external agendas. Therefore, the case of Mexico allows us to affirm that the national government was decisive for the incorporation of the Agenda 2030 in the context of intergovernmental agreements.
- Topic:
- Inequality, NAFTA, Regionalism, Work, and Agenda 2030
- Political Geography:
- Latin America and Mexico
4. The effect of lawful crossing on unlawful crossing at the US southwest border
- Author:
- Michael A. Clemens
- Publication Date:
- 04-2024
- Content Type:
- Working Paper
- Institution:
- Peterson Institute for International Economics
- Abstract:
- An increasing number of migrants attempt to cross the US Southwest border without obtaining a visa or any other prior authorization. 2.5 million migrants did so in 2023. In recent years, responding to this influx, US officials have expanded lawful channels for a limited number of these migrants to cross the border, but only at official ports of entry. These expanded lawful channels were intended to divert migrants away from crossing between ports of entry, by foot or across rivers, thereby reducing unlawful crossings. On the other hand, some have argued that expanding lawful entry would encourage more migrants to cross unlawfully. This study seeks to shed light on that debate by assessing the net effect of lawful channels on unlawful crossings. It considers almost 11 million migrants (men, women, and children) encountered at the border crossing the border without prior permission or authorization. Using statistical methods designed to distinguish causation from simple correlation, it finds that a policy of expanding lawful channels to cross the border by 10 percent in a given month causes a net reduction of about 3 percent in unlawful crossings several months later. Fluctuations in the constraints on lawful crossings can explain roughly 9 percent of the month-to-month variation in unlawful crossings. The data thus suggest that policies expanding access to lawful crossing can serve as a partial but substantial deterrent to unlawful crossing and that expanding access can serve as an important tool for more secure and regulated borders.
- Topic:
- Security, Migration, and Borders
- Political Geography:
- North America, Mexico, and United States of America
5. With the 2024 Mexican election looming, here are two major recommendations for the next president
- Author:
- Ignacia Ulloa Peters, Martin Cassinelli, Maria Fernanda Bozmoski, and Charlene Aguilera
- Publication Date:
- 05-2024
- Content Type:
- Special Report
- Institution:
- Atlantic Council
- Abstract:
- Countries representing half the world’s population are voting in 2024. On June 2, just over five months before Election Day in the United States, Mexican voters will set a historic milestone with the election of the country’s first female president. Over the course of her six-year term, Mexico’s new president will face enormous challenges—internally and in the country’s relationship with the United States. But, like never before, there is also a unique opportunity to strengthen the commercial and economic ties that bind the two countries and reimagine how our shared border could better serve our shared interests. Although the United States and Mexico have long been economically intertwined, in 2023, Mexico became the United States’ most important trading partner. Now more than ever, with great geopolitical headwinds, the commercial ties that bind our two countries will be increasingly critical to advancing US economic interests globally. Here, greater border efficiency will yield economic gains alongside improvements in our shared security. The Atlantic Council’s Adrienne Arsht Latin America Center, in partnership with internal and external colleagues and partners, sought to envision the future of two key aspects of the US-Mexico relationship: commercial flows and investment. With extensive feedback and numerous consultations with border stakeholders, including business owners, truck drivers, port operators, civilians, and local and federal elected officials, we sought out fresh perspectives and actionable recommendations. Our goal with this report is to spark dialogue among policymakers, business leaders, and civil society in both countries on the urgent need to address the immediate challenges of border efficiency and investment attraction over the next Mexican president’s term while paving the way for a more prosperous and secure future in our countries. The Rio Grande and its surrounding towns are more than a physical barrier separating the United States and Mexico. Rather, they are a vibrant artery of commerce, migration, and cultural exchange. Livelihoods depend on our border, but inefficiencies prevent us from maximizing the possible economic opportunities and achieving the necessary security gains. The pages that follow build on previous center findings and emphasize the need for a nuanced approach to foreign investment, infrastructure development, and security measures that prioritize efficiency and our national interests. This publication also seeks to bring the human dimension to the forefront. Public policy, after all, should reflect how to improve everyday lives. We consolidate the stories of real people affected by the US-Mexico border daily. The combined stories we have gathered over the last two years remind us of the impact of policy decisions. That reminder is particularly poignant with the 2024 elections on both sides of the border. Indeed, we stand on the cusp of a new chapter in our shared history. This report is a call to action for visionary leadership and bold, pragmatic solutions to the complex issues facing the United States and Mexico. We urge policymakers to embrace policies and strategies that address immediate challenges while laying the groundwork for both an even more inclusive and prosperous future. Let’s seize this unique moment in time.
- Topic:
- Elections, Economy, Innovation, Trade, and Domestic Policy
- Political Geography:
- Latin America, North America, and Mexico
6. Beyond Traditional Wage Premium. An Analysis of Wage Greenium in Latin America
- Author:
- Manuela Cerimelo, Pablo de la Vega, Natalia Porto, and Franco Vazquez
- Publication Date:
- 02-2024
- Content Type:
- Working Paper
- Institution:
- Center for Distributive, Labor and Social Studies (CEDLAS)
- Abstract:
- This paper estimates wage differentials between green and non-green jobs (wage greenium) in nine major Latin American countries (Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Peru and Uruguay), which account for 81% of the region’s GDP. We contribute to the recent literature highlighting a positive wage gap for those working in green jobs in developed countries. A positive wage gap for green jobs may be a virtuous market feature, as it means that in the future workers might be encouraged to switch to greener occupations. To do so, we define green jobs as those occupations with high greenness scores using the occupational approach as in Vona et al. (2018), Vona (2021) and de la Vega et al. (2024). Our results suggest that the wage greenium for the period 2012-2019 in Latin America was between 18% to 22%. Moreover, this wage gap has remained relatively stable over the years.
- Topic:
- Labor Market, Wages, and Green Jobs
- Political Geography:
- Brazil, Argentina, Colombia, Uruguay, Latin America, Mexico, Chile, Peru, Ecuador, and Bolivia
7. The Economy in its Labyrinth: A Structuralist View of the Mexican Economy in the 21st Century
- Author:
- Liz Monroy Gomez Franco
- Publication Date:
- 01-2024
- Content Type:
- Working Paper
- Institution:
- Political Economy Research Institute (PERI), University of Massachusetts Amherst
- Abstract:
- In this paper, I analyze the performance of the Mexican economy during the two decades of the 21st century. I focus on the aggregate and sectoral dynamics of the economy to understand the underlying dynamics behind the aggregate performance of the economy. With these results in mind, I analyze the changes and continuities in the conduction of macroeconomic and labor market policy with the arrival of a new administration in 2018. The goal of analyzing both elements is to provide an integrated view of the situation in which the Mexican economy will face three structural challenges: the medium and long-run effects of the COVID-19 pandemic, the integration of artificial intelligence into the production process, and climate change.
- Topic:
- Climate Change, Political Economy, History, Macroeconomics, Artificial Intelligence, COVID-19, and Labor Market
- Political Geography:
- North America and Mexico
8. Information Integrity and Information Pollution: Vulnerabilities and Impact on Social Cohesion and Democracy in Mexico
- Author:
- Anita Breuer
- Publication Date:
- 01-2024
- Content Type:
- Working Paper
- Institution:
- German Institute of Development and Sustainability (IDOS)
- Abstract:
- Equal access to reliable information is essential for democracy and social cohesion. The rise of information pollution, particularly in digital spaces, poses significant challenges to democratic societies worldwide. While extensive research has focused on its impact in developed, English-speaking democracies, there is a gap in understanding its effects in younger democracies, conflict zones, and less developed contexts. This study fills that gap by analysing Mexico as a case study. Based on interviews with Mexican media professionals, public sector officials, academics and human rights defenders, the study provides insights on the root causes of the problem and and strategies to combat information pollution, safeguard democracy, and promote social cohesion, underscoring the urgency of proactive measures both within Mexico and on a global scale in Mexico, information pollution significantly threatens the country's social cohesion and democratic principles. Structural conditions like poverty, inequality, violence, corruption, and media landscape issues enable societal vulnerability to digital information pollution. Factors directly driving information pollution include the exploitation of digital spaces by drug cartels, divisive narratives against marginalised groups, an increasingly media-hostile environment as well as the incumbent government’s post-factual approach to reality and politics. Information pollution has fostered a polarised discours, contributed to eroding trust in traditional media and amplified identity-based societal cleavages. It weakens the deliberative, participatory and liberal dimensions of democracy dimensions by decreasing the quality of public debate, damaging civil society watchdog roles, and reducing government transparency and accountability. Recommendations for Mexico encompass enhancing public resilience to information through civic education and targeted communication campaigns, empowering media capacity, and fortifying an open data culture in the Mexican public sector. Internationally, efforts should address elite-driven information pollution by reinforcing independent accountability institutions and leveraging diplomatic and economic incentives against leaders attacking these institutions.
- Topic:
- Development, Democracy, Media, Social Cohesion, and Information
- Political Geography:
- North America and Mexico
9. Responsibly Demilitarizing U.S.–Mexico Bilateral Security Relations
- Author:
- Aileen Teague
- Publication Date:
- 01-2024
- Content Type:
- Policy Brief
- Institution:
- Quincy Institute for Responsible Statecraft
- Abstract:
- These are trying times for U.S.–Mexico relations. As America’s opioid epidemic reaches unprecedented proportions, U.S. politicians have begun to advocate unilateral military action against Mexican drug cartels in sovereign Mexican territory. This approach would not only do extraordinary damage to one of America’s most vital international relationships, but also carry a real risk of importing violence to the United States. The calls for military action have infuriated Mexico’s leaders, who in turn criticize America’s broken and inhumane border security and Washington’s inability to curb the seemingly insatiable demand for drugs in the United States. The basis for the neighboring nations’ security cooperation, the 2008 Mérida Initiative, seems to have failed, largely failing to stem the tide of violence and instability in Mexico, or to halt the cross border flow of migrants, guns, and drugs. The result is poor regional security and a deteriorating bilateral relationship. There is reason to hope that the Plan Mérida’s replacement, the U.S.–Mexico Bicentennial Framework for Security, Public Health, and Safe Communities, will strengthen bilateral cooperation and help put security relations on a path to demilitarization. However, since the State Department announced the framework in 2021, little progress has been made in developing the shape and contents of this program. The continued failure to articulate how the Bicentennial Framework will represent a meaningful break from failed policies in the past suggests militarized enforcement may still dominate security relations for years to come. This status quo poses grave risks to both countries. But through the Bicentennial Framework, U.S. policymakers have the potential to make meaningful changes in bilateral security relations by: Rejecting U.S. unilateralist measures against Mexico Developing more robust policies to halt U.S. arms flow to Mexico Reducing the military’s role in enforcement functions and redirecting military entities toward civil action and development Supporting Mexico–led development programs By decreasing the scope of militarization in regional security policies through an appropriately designed Bicentennial Framework, the United States and Mexico can achieve healthier and more balanced relations, and eliminate the risk of a worst-case scenario: unilateral U.S. military intervention next door.
- Topic:
- Bilateral Relations, Global South, Borders, Restraint, and Security Cooperation
- Political Geography:
- North America, Mexico, Global Focus, and United States of America
10. The Mexican Space Industry: Past, Present, and Future
- Author:
- Katya Echazarreta
- Publication Date:
- 03-2024
- Content Type:
- Journal Article
- Journal:
- Brown Journal of World Affairs
- Institution:
- Brown Journal of World Affairs
- Abstract:
- Mexico has been a participant in the ever-evolving global space industry for almost four decades now. Over that period, there have been opportunities for the country to enter the emerging field as a prominent actor. However, upon a close analysis of Mexican history, it is evident that this particular industry was most likely defined by private commercial needs first and social needs second.1 As demand for space technology grew, the need for a space agency became ap- parent. However, the Mexican Space Agency’s development was misconstrued from its inception. Its purpose was to financially stimulate the Mexican space industry as opposed to centering on the development of an astronaut program or the construction of rocket technology. The initial financing of $800,000 did not properly set the agency up for success. At the time, it was believed that Mexico would catch up to Brazil and Canada in their technological development over a period of ten years.2 However, the test of time has proven this to be far from the case. In the years that followed, Mexico was again presented with an opportunity to change its course with the Space Activities Constitutional Reform gaining traction in 2023. This reform would prioritize Space activities as a means of national development and grant the country’s Congress the rights necessary to create secondary laws to regulate the industry for both government and com- mercial players. By allowing not only national but also international players to get involved, Mexico would become a more prominent player in the Space Industry.3 As the commercial space industry continues to grow into projected estimates of $1 trillion or more by 2040, Mexico finds itself in an ideal moment to regulate its own space activities to encourage active participation in the field.
- Topic:
- Science and Technology, Reform, Space, Innovation, and Industry
- Political Geography:
- Latin America and Mexico
11. From Rhetoric to Action: Delivering Inequality & Exclusion
- Author:
- Center on International Cooperation
- Publication Date:
- 03-2023
- Content Type:
- Special Report
- Institution:
- Center on International Cooperation
- Abstract:
- Inequality and exclusion are not destiny. Change is possible. Following three years of research, country visits, expert meetings, and debate, the Pathfinders’ Grand Challenge on Inequality and Exclusion has identified policy priorities for immediate and longer-term actions to tackle inequality and exclusion. The report draws on the lived experiences and desires of people across countries around the world. To understand citizens’ concerns about inequalities, their policy priorities, and their desire for change, we commissioned a public opinion survey in eight countries: Canada, Costa Rica, Mexico, Sierra Leone, South Korea, Sweden, Tunisia, and Uruguay. These opinion surveys show an immense preoccupation with societal divisions and a consensus that more needs to be done to address them. What is working to make progress on equality and inclusion? Countries and local communities that have made sustained progress towards more inclusive and equal societies have generally taken a three-pronged approach: They have delivered visible results that make a material difference in people’s daily lives, in areas such as social protection, housing and wages; they have built solidarity, through for example truth-telling exercises, police and justice reform and community empowerment; and they have secured credibility and sought to avert reversals by fighting corruption, broadening political power, and increasing the public financing needed for policy development.
- Topic:
- Public Opinion, Inequality, Survey, and Exclusion
- Political Geography:
- Canada, South Korea, Uruguay, Sierra Leone, Sweden, Mexico, Tunisia, Costa Rica, and Global Focus
12. Gobernanza, gestión y políticas públicas: evaluación tridimensionalde la política de seguridad del Ayuntamiento dePuebla, México
- Author:
- Diana Esther Guzmán
- Publication Date:
- 06-2023
- Content Type:
- Journal Article
- Journal:
- Journal on International Security Studies (RESI)
- Institution:
- International Security Studies Group (GESI) at the University of Granada
- Abstract:
- El objetivo del artículo es analizar la política pública de seguridad y su impacto en el bienestar de la sociedad. Se parte de la hipótesis de que existe una deficiencia en la estructura o en la instrumentación, lo que genera efectos negativos en la población.
- Topic:
- Security, Governance, Public Policy, Management, and Well-Being
- Political Geography:
- North America and Mexico
13. Mexico Peace Index 2023
- Author:
- Institute for Economics and Peace (IEP)
- Publication Date:
- 01-2023
- Content Type:
- Special Report
- Institution:
- Institute for Economics & Peace (IEP)
- Abstract:
- This is the tenth edition of the Mexico Peace Index (MPI), produced by the Institute for Economics and Peace (IEP). It provides a comprehensive measure of peacefulness in Mexico, including trends, analysis and estimates of the economic impact of violence in the country. The MPI is based on the Global Peace Index, the world’s leading measure of global peacefulness, produced by IEP every year since 2007. The MPI consists of 12 sub-indicators aggregated into five broader indicators. Mexico’s peacefulness improved by 0.9 percent in 2022. This was the third straight year of improvement following four consecutive years of deteriorations. Seventeen states improved, while 15 deteriorated.
- Topic:
- Security, Economy, Violence, and Peace
- Political Geography:
- North America and Mexico
14. Mexico’s domestic decay: Implications for the United States and Europe
- Author:
- Lauri Tahtinen
- Publication Date:
- 01-2023
- Content Type:
- Policy Brief
- Institution:
- Finnish Institute of International Affairs
- Abstract:
- President Andrés Manuel López Obrador (AMLO) has challenged Mexico’s democratic institutions, including the electoral commission INE, and relies on the military to run sectors of the economy and to provide internal security. Recognizing the continuing strategic importance of its southern neighbor, the United States is attempting to “friend-shore” American industry to Mexico despite trade disputes. Mexico’s economic convergence with the US is giving way to ideological divergence. In the past year, Mexico has called NATO’s stance on Ukraine “immoral” and openly aligned with the leftist, anti-US dictators of Cuba, Nicaragua, and Venezuela. Mexico’s internal development and shifting external stance could spark a return to a United States focused on the protection of its 19th-century borders instead of its 20th-century global footprint. European attention to the future of Mexico can help diversify the country’s trade and other partnerships, as well as shine a light on its democratic decay.
- Topic:
- Security, Defense Policy, Democracy, Europe, and Economic Policy
- Political Geography:
- Europe, Latin America, North America, Mexico, and United States of America
15. México en la rivalidad China-Estados Unidos: Las limitaciones de China en la competición comercial
- Author:
- Lucía Ramírez Bolívar, Gleider I. Hernández, and Nalia María Rochín
- Publication Date:
- 01-2023
- Content Type:
- Journal Article
- Journal:
- Revista UNISCI/UNISCI Journal
- Institution:
- Unidad de investigación sobre seguridad y cooperación (UNISCI)
- Abstract:
- El objetivo del artículo es documentar la rivalidad entre China y Estados Unidos en México. Se argumenta que el actual enfrentamiento posee connotaciones geopolíticas y geoeconómicas que tienen implicaciones importantes en el plano global. El artículo explica las peculiaridades de la política comercial de México con respecto a China, los avances y limitaciones en función de los tratados comerciales con Estados Unidos y Canadá. Se realiza un recuento de los principales momentos que han marcado dicha rivalidad y se concluye que, aún en medio de esta pugna por el liderazgo mundial, hasta el momento parece ser que el gobierno mexicano se ha concentrado en consolidar las relaciones con su vecino del Norte, pero es posible que pueda sacar ventaja de estas tensiones, ya que ambos países son de enorme importancia para México.
- Topic:
- Treaties and Agreements, Hegemony, Geopolitics, Trade Wars, Rivalry, and Geoeconomics
- Political Geography:
- China, Mexico, and United States of America
16. The Rapid Response Labor Mechanism of the US-Mexico-Canada Agreement
- Author:
- Chad P. Bown and Kathleen Claussen
- Publication Date:
- 10-2023
- Content Type:
- Working Paper
- Institution:
- Peterson Institute for International Economics
- Abstract:
- The US-Mexico-Canada Agreement (USMCA) introduced a new compliance institution for labor rights in trade agreements: the facility-specific Rapid Response Labor Mechanism (RRM). The RRM was developed to tackle one particular thorn in the side of North American integration—labor rights for Mexican workers—which had had detrimental, long-term political-economic consequences for the two countries’ trade relationship. This paper reviews the unique political-economic moment in the United States and Mexico that prompted the creation of this tool. It describes how the RRM works and the considerable financial and human resources the two governments have brought to bear to operationalize it. The paper then reports a number of stylized facts on how governments used the RRM during its first three years, largely in the auto sector. It proposes paths of potentially fruitful political-economic research to understand the full implications of the RRM and concludes with preliminary lessons as well as a discussion of the potential for policymakers to transpose facility-specific mechanisms for labor or other issues, such as the environment, into future economic agreements.
- Topic:
- Treaties and Agreements, Labor Issues, Free Trade, and Disputes
- Political Geography:
- Canada, North America, Mexico, and United States of America
17. Farmer Movement Oversight of Mexican Government Agricultural Programs
- Author:
- Jonathan Fox and Carlos García Jiménez
- Publication Date:
- 11-2023
- Content Type:
- Working Paper
- Institution:
- Accountability Research Center (ARC), American University
- Abstract:
- In Mexico’s state of Guerrero, a broad-based, collaborative social accountability campaign led by a network of agrarian community leaders contributed to improving a large-scale free fertilizer program, targeted at smallholders. In 2019, the newly-elected federal government took over a state government subsidy program that had been synonymous with clientelism and corruption, promising to clean it up and include access to organic fertilizer. When the program’s historic deficiencies persisted during its first year of transition to federal management, farmers responded with widespread, confrontational protest. To address this chaotic situation, veteran activists and community leaders from across the state transformed protest into proposals, launching a participatory, statewide monitoring and advocacy campaign with the Guerrero Network of Ejido and Communal Commissioners. The campaign advocated for the validation of program beneficiary rosters in community assemblies, based on federal agrarian law, also using the official public information request system. It helped to ensure the distribution of fertilizer to smallholder farmers, reduced diversion of fertilizer for corrupt or electoral purposes, and promoted more inclusion of women and indigenous smallholders. Despite these achievements, the Network’s proposals for transparency, peasant participation, accountability, and agroecological transition were rejected by the government officials responsible for the fertilizer program. In response, the campaign coordinators shifted their focus to other government agricultural programs and coordinated with agrarian leaders in other states to launch their own advocacy platforms. This organizing process led to the second Agrarian Convention of Guerrero, which included participation of agrarian leaders from a dozen other states, followed by regional meetings and state conventions in half of the country’s states. On April 10, 2023, five thousand agrarian leaders gathered in Mexico City for the First National Agrarista Convention. Reflections on this experience include: The focus of the farmer oversight campaign on immediately felt needs generated social energy and inspired a new organizing strategy. The state-wide mobilization to promote better fertilizer delivery was grounded in revitalized civic life in historic local participatory governance institutions that were created following the Mexican Revolution. Elected leaders of these ejidos and agrarian communities gave the campaign both scale and legitimacy. Though mainly driven by grassroots organizing, the farmer oversight campaign also used technical open government tools. The campaign combined the monitoring of agricultural programs and local problem-solving with social mobilization, scaling up advocacy for greater recognition of peasant movement oversight to the national level.
- Topic:
- Agriculture, Government, Social Movement, Farming, and Community Organizing
- Political Geography:
- North America and Mexico
18. Fostering a New Global Conversation: A View from Mexico on Diversifying Inter-Regional Engagement
- Author:
- Guadalupe González Chávez
- Publication Date:
- 10-2023
- Content Type:
- Journal Article
- Journal:
- Baku Dialogues
- Institution:
- ADA University
- Abstract:
- This essay highlights the importance of fostering a more inclusive global conversation by encouraging both intra- and inter-regional relations. Although one focus will be on fostering more communication between Mexico and the Latin America and the Caribbean (LAC) region with Azerbaijan and the other countries that make up the core Silk Road region, various other regions and mechanisms operating within the contemporary global context will also be discussed. The dimensions of future governance may be examined from the perspective of different world regions’ capacity to communicate, collaborate, and generate a new conversation. A more inclusive approach can result in a more holistic review of different angles and thus bring out more original approaches for prospective geopolitical analysis efforts, policy design, and decisionmaking in their local, regional, and global expressions. Communication, knowledge, and culture strengthen their capacity to influence the conversation if key elements of the global governance agenda are taken as a common ground for analysis when de cisionmak ing depends on the incorporation of broader views. While distant, the location and geographical presence of LAC and the Silk Road regions allow for the possibility to analyze commonalities between these two large and complex communities whilst exploring new pathways for dialogue and international policymaking.
- Topic:
- International Relations, Communications, Governance, Geopolitics, and Engagement
- Political Geography:
- Azerbaijan, Latin America, Mexico, and South Caucasus
19. Effective Shareholder Engagement to Address the Food Sector’s SDG-Related Impacts in Mexico
- Author:
- Nora Mardirossian
- Publication Date:
- 11-2023
- Content Type:
- Special Report
- Institution:
- Columbia Center on Sustainable Investment
- Abstract:
- Globally, there is growing investor engagement on environmental and social issues. Over 550 financial institutions participate in net zero alliances,1 the largest-ever number of ESG-related resolutions was filed in 2023 (over 500),2 and global sustainable fund assets hit nearly $2.8 trillion at the end of June 2023.3 Corporate sustainability reporting standards and regulations – many of which are international, have extraterritorial reach, or cover global value chains – have proliferated and are reinforcing the larger trend. Traditional investing has historically focused on mitigating financial risk without being cognizant of other important external risks. Sustainable investing takes a wider view that is explicitly interested in sustainability issues, but some approaches are more progressive than others. Some sustainability or ESG investment efforts focus on sustainability impacts only to the extent they are linked to or overlap with financial materiality. Some large institutional investors, particularly those considered to be universal owners, express an understanding that system-level issues like climate change, biodiversity loss, and inequality present risks to the entire economic system, and thus to their entire portfolios.4 Some mainstream investors have acknowledged they have a responsibility to manage severe environmental and social risks, in line with international standards.5 Other smaller and philanthropic funds use an impact investing strategy that focuses more on driving sustainability impacts, with a less explicit focus on returns.6 Rather than investment decision making (i.e., deciding what to invest in either by screening or excluding companies or entire sectors that are seen as high risk or by targeting investments in areas that have some kind of positive sustainability potential through impact investing), this report focuses on the more effective strategy for public equity investors to influence companies’ SDG-related impacts: active ownership through shareholder engagement and advancing and voting on resolutions.7 Through active ownership, investors use their leverage to influence the conduct and decision-making of the firms they own, to avoid sustainability and human rights risks or to capitalize on sustainability and human rights opportunities. This report considers how active investors can best exercise their leverage in the particular context of Mexico’s food sector. Although active ownership efforts have grown globally, they remain limited in Mexico and other emerging markets. Investors have an opportunity to do more to help address critical SDG-related issues in these contexts through their active ownership efforts. By doing so, they can be more responsible in ensuring respect for human rights, protecting shared systems, and supporting their long-term financial interests. Importantly, they can also ensure they comply with – and support their portfolio companies in complying with – emerging legal frameworks requiring reporting and due diligence on the impacts of their global value chains, including in Mexico.8 This report summarizes key opportunities and barriers facing investors who wish to more actively drive positive SDG outcomes in Mexico’s food sector through shareholder engagement. First, this report discusses the food sector-related SDG challenges globally and then those that are most important in Mexico. It identifies influential companies investors can engage with and surveys benchmarks on those companies’ SDG disclosure. Next, the report provides an overview of the status of and legal context for sustainable investing in Mexico. Then, it considers the extent and nature of investor influence over companies in Mexico. Based on this analysis, the report concludes by providing recommendations for investors on influencing portfolio food sector companies’ management of their SDG-related impacts in Mexico. The recommendations draw upon existing standards and guidance that bear on the roles and responsibilities of investors. This report’s primary aim is to provide guidance to Mexican and foreign institutional investors who can use their shareholdings to engage with food sector companies with a footprint in Mexico. Other stakeholders may also find this report valuable, including those interested in opportunities for the financial sector to advance the SDG-alignment in the Mexican food sector or any sector in any comparable emerging market.
- Topic:
- Markets, Food Security, Sustainable Development Goals, Investment, Sustainability, and Shareholder Value
- Political Geography:
- North America and Mexico
20. The Impact of Robots in Latin America: Evidence from Local Labor Markets
- Author:
- Irene Brambilla, Andrés César, Guillermo Falcone, and Leonardo Gasparini
- Publication Date:
- 04-2023
- Content Type:
- Working Paper
- Institution:
- Center for Distributive, Labor and Social Studies (CEDLAS)
- Abstract:
- We study the effect of robots on labor markets in Argentina, Brazil, and Mexico, the major robot users in Latin America, during the period 2004{2016. We exploit spatial and time variations in exposure to robots arising from initial differences in industry specialization across geographic locations and the evolution of robot adoption across industries, to estimate a causal effect of robots on local labor market outcomes. We find that district’s exposure to robots causes a relative deterioration in labor market indicators such us unemployment and labor informality. We document that robots mainly replace formal salaried jobs, affecting young and semi-skilled workers to a greater extent, and that informal employment acts as a buffer that prevents a larger increase in unemployment.
- Topic:
- Unemployment, Robotics, Labor Market, and Informal Economy
- Political Geography:
- Brazil, Argentina, Latin America, and Mexico